Compare Two Depreciation Methods Bayside Coatings Company purchased waterproofing equipment on January 2, 20Y4, for $190,000. The equipment was expected to have a useful life of four years and a residual value of $9,000 Instructions: Determine the amount of depreciation expense for the years ended December 31, 20Y4, 20Y5, 20Y6, and 20Y7, by (a) the straight-line method and (b) the double-declining balance method. Also determine the total depreciation expense for the four years by each method Depreciation Expense Year 20Y4 20Y5 20Y6 Straight-Line Method Double-Declining-Balance Method 45,250 45,250V 45,250V $95,000 47,500 23,750 V 11,875X 20Y7 45,250 Total 181,000 $178,125 X